aianta pharma limited

@
aianta pharma limited
Ajanta House,
Charkop, Kandivli West,
Mumbai tt00 067
lndia
T +91 22 6506 1(x)0
F +91 22 56()5 1200
E
[email protected]
w
www.ajantapharma.com
5th August, 2014
NationaI Stock Exchange of lndia'
Exchange Ptaza, 5rn Ftoor, Ptot no. C/1, G Block,
Bandra Kurla Comptex, Bandra (East),
Mumbai - 400 051
BSE LIMITED
Phiroze Jeejeebhoy Towers
Dalal Street,
Mumbai - 400 001
Dear 5ir,
Re: Clause 41 (Quarterly Results 6 Limited Review Report)
Scrip Code: BSE - AJANTAPH 532331
NSE
- AJANTPHAR,M EQ
Pursuant to Ctause 41 of the Listing Agreement, we are enctosing herewith:
1.
Unaudited Financial Results for the quarter ended 30tn June, 2014 duty signed by
the l{anaging Director;
z.
Limited Review Report in the prescribed format from the Company's Auditors M/s
Kapoor & Parekh Associates for the quarter ended on 30th June, 2014 and
Press Retease.
Kindly acknowtedge receipt.
Thanking You,
Yours faithfutty,
For AJANTA PHAR AA LIMITED
GAURANG SHAH
Sr. G.lt. - Legal &.
Company Secretary
Encl.: a/a
Corporate ldentity Number - L2423OMH t979ptco22059
&iarrta pharma lhnited
(W ) , tlumbai-67, Phone I *g t ii.66061 000, iax ' .91 '22.66061 200
Emait'infooajantapharma.com, websiLe - www.ajantapharma.com
ReSd,Officei Ajanta House , Charkop, Kandivli
CIN - 124230i.fi1979P1C022059r
Statement of Standalone Unaudited Flnanclal Results for the quarter ended 3oth June 2014
{in
Particutars
3 months ended
11/0t/2014
30/06/2014
unaudited
Income from Operatlons
(a) Net Sales {Ner of excite duty)
(bl o$er operating income
Total Income from Operations {net)
Year Ended
)0/06/201)
31/03/2014
Unaudited
Audited
280.79
301.14
215.39
6.70
9.91
2.80
10.05
247,49
311.05
21E, t 9
1,109.92
(a)clst of mateials consumed
57.82
105.86
50.83
299.87
{bl Prirchases of stock-in.trade
!0i1
14.41
7.59
40.67
1,079.87
Ependiture
(cJ changes in inventodes
ol
!!!iteq
s99dfr
work-in.progress and 5tock.in'lrad9
(d) EmpLoyees benefits expense
(e) Depreciation and amortisaljon expense
{fj b(change rate difference tNetj
(q) Other exDenses
12.48
(r1.s7)
16.14
7.14
42.84
37.67
lt.85
147.25
12.O4
tl.ss
8.60
41.97
268.95
806.36
1.77
0.51
74.64
72-14
209.83
215.39
t9.44
176.43
77.66
95.55
11.71
303.56
(a) Other Income
8.58
1.04
4.E1
17..71
(b) ExchanSe rat€ difference {Net}
0.11
Total expenses
costi &
t.x
(1-2)
2.80
Profit from ordlnary activities betore flnance cogtr &
E
Proflt from ordln.ry.ctivlties befor€ tax
Iax
98.70
49.35
1.42
2.20
1.63
8.22
84,93
95.50
47.77
313.05
!!:11...,,_
Finance costs
(5{)
Exoense
Net Proflt for the Derlod (7-8
10 Paro-up Lqurty 5hare caprtat (face vatue (5 perrhare)
11
Reserve_excluding Revaluation Reserves
a
Earnings Per Share - not annuatised (refer note
321.28
26.21
76.41
15.18
iz.zo
58.72
70.o9
x2.54
220.86
17.68
17.67
11.81
17 _67
518.65
l)
I
(a) Basic'in
_
{bt Ditured . in {
16_70
19.94
16.5E
19-91
9.26
9.24
62.81
62.72
PARTICULAR5 OF SHAREHOLDING
Public Sharehotding
. Number of shares
9,778,795
26.4v<
9,105,.195
. PercentaSe oJ sha.ehoLding
Promolerr and promoler group sharehoLding
26.45%
a) Ptedged/Eocumbered
. Number of shares
Number of shares
shareholding of promoter and promoter group)
Percentage of shares (a5 a X oJ tne btal share
(aoitat of the comoanvl
777,000
ego,s00
3.44X
4.51%
3.44X
4.11%
2.53X
3.379!
2.51X
24,981,405
16,437,736
u,eu,tG
94.11%
96.56X
95.49%
96.56X
69-44%
71.07X
70.141
71.07?r
I
INVESTOR COMPI.AINTS
Months ended 10/06/2014
Pending at the beginning of the quarter and remaining
unreiotve_d--at the end of
2g 40x
5.59%
24,426,45
PercentaSe of shares {a3 a X or ttre totat
g,t7a,tgi
26.54%
890,500
1,4.45,500
. Percentage_of rhares tas a q of the total
sharehotding of promoler and promoter group)
. Percentage of shares (as a * of the tolal share
6,219,064
Nit
$e quaner
14
off durinq the quarter
Notes :
-ornmirtee
aUovi resutts have bem reviewed by Audit
and approved by the Soard of Directors at their meeting hetd on
Received and disposed
1
5'h August 2014.
Statutory Audilors have carried out Limited Review ot the above results.
Earning per share has been digctosed considering increased number of sharer poit Oonus for above reported periodg,
During the qua(er 26,700 equity shares futty paid.up were aLlotted upon exercire of vested stock options pufsuant ro
ESOS 2011, incllding bonu5, resutting in increase in pald-up share capitat by a0.01 crore and share premium by f0.12 crore
5 The aompany has one seJmenl
of actjvity namely,
pharmaceuticals. ,
.
Deprecialion for the quarter ended 30s June 2014 has been aliBned to meet the .equiremgnts of schedute ll ro the
Companiet Act, 2013 and accordingfy an amountof <L12 crore (net of defered tax {0.58 crore) in retation to assets where
useful tlfe has atready exqirgl!e{99! ll'arged to Retalned Earnings.
!
7 Figures for the quarter ended
l1n
_
March 2014 are the batancing figures between audited figures for the financial year
ended 3l'r March 2Ol4 and year to date Limitgd review figure! for nine months period ended l13t December 2013.
ioQD
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8y order of the Board
For AJ.nt. Ph.rma Ltd,
Yogesh M. Agrawal
Mumb;i,
5rh
Augusr 2ol4
Manaqlng Director
KAPOOR
& PAREKH
ASSOCIATES
CHARTERED ACCOUNTANTS
The Board of Directors
Ajanta Pharma Limited
Ajanta House
98, Government Industrial Area
Hindustan Naka, Kandivli (West)
Mumbai-4OO 067
We have reviewed the accompanying statement of standalone unaudited financial
results ("the Statement") of Ajanta Pharma Limited ("the Company") for the
quarter ended 30 June 2014 except for the disclosures regarding 'Public
Shareholding' and 'Promoter and Promoter Group Shareholding' and undisputed
investor complaints, which have been traced from disclosures made by the
management and have not been audited by us. This statement is the responsibility of
the Company's Management and has been approved by the Board of Directors at its
meeting held on 5 August 20'1,4 and is based on the unaudited accounts of the
Company for the period ended 30 June 2014. Our responsibility is to issue a rePolt
on the Statement based on our review.
2. We conducted our review in accordance with the standard on Review Engagement
(SRE) 2410 "Review of Interim Financial Information Performed by the Independcnt
Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This
standard requires that we plan and perform the review to obtain moderate assurance
as to whether the financial statements / results are free of material misstatements.
A review is limited primarily to inquiries of Company personnel and analytical
procedure applied to financial data and thus provides less assurance than an audit.
We have not performed an audit and accordingly, we do not express an audit
opinion.
J. Based on our review conducted as above, nothing has come to our attention that
causes us to believe that the accompanying Statement of unaudited financial results,
prepared in accordance with applicable accounting standards referred to in Section
211,(3C) of the Companies Act, 1956 [which are deemed to be applicable as per
Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies
(Accounts) Rules, 2014] and other recognised accounting practices and policies, has
not disclosed the information required to be disclosed in terms of Clause 41 of the
Listing Agreement with stock exchanges, including the manner in which it is to be
disclosed, or that it contains any material misstatement.
1.
For Kapoor & Parekh Associates
Chartered Accogntants
ICAI FRN 104ffi3w
,'ll
Di'
L,L',l
J^l
S. S. Kapoor
Partner
Membership No. 5399
Mumbai, 05 August 2014
701, gusiness Suites 9, S.
V Boad, Santacruz (\{),
I
umbai
- 400 054,
India,leli +91 n2600 7702 Far:+91 22 2600 7706 Email : [email protected], Web : www.sskpa.com
@
aianta pharma limited
t
.91 22 66061000
4.91
x
2? 66O6t200
[email protected]<om
BSE:
!4!4r..eEtl4!!!rr!3.s94
CIN:LZ42l0l Nl979PtC022059
532331
Reuters:
AJPH.NS
NSE: AJANTPHARM
Bloomberq:
AJP: lN
Operating Revenue up 32%, PAT up 80%
Standalone Quarter I Results, FY 2O14-15
-
-
a
(05th August, 2014) Ajanta Pharma Limited,
specialty focused
pharmaceutical formulation company reported today its performance for the first quarter
ended 30th June 2014.
Mumbai
Highlights of Ql FY'15 vis-a-vis Q1 FY'14 standalone financial performance are:
Revenue from operations grew 32% at Rs. 287 Cr. against Rs. 218 Cr.
EBITDA growth of 7870 at Rs. 90 Cr. against Rs. 50 Cr. EBITDA at 3l% of revenue
Profit before Tax at Rs. 85 Cr. against Rs. 48 Cr., a growth of 78%
Profit after Tax grew 80% at Rs. 59 Cr. against Rs. 33 Cr. PAT at 20% of revenue
Exoorts contributed 56% of the revenue for the quarter
.
.
.
.
.
Commenting on the resutts, Mr. Yogesh M. Agrawal, Managing Director, Ajanta Pharma
Limited, said "The new financial year has begun on a positive note for us. The Q1
performance reflects our abitity to detiver consistent resutts by maintaining our focus on
setect therapeutic speciatities and geographies. Over the decade white growing sates, we
have put significant emphasis in improving our margins which is reflected in our results.
We continue to take actions on everyday basis to lay foundation for future."
India Business: Industry Outperformance
For the 1't Quarter, overatl India business was Rs. '1 '19 Cr., up 24% over Ql tast year. Out
of this, Indian Pharmaceutical Market (lPM) business was Rs. 109 Cr. posting heatthy
growth of 36% as against the industry growth of 9%. Institution sales was Rs. 10 Cr.,
posting de-growth of 37% over previous year quarter.
In the three major therapeutic segments where we operate, we have posted robust growth
of 35% in Dermatology, 42% in Cardiology and 25% in Opthalmology (lMS /v{AT Jun'14).
During the quarter 9 new products were launched, out'of-which 5 were first to market.
Emerging Markets: Growth Traction Continues
Emerging markets grew 34% during the quarter, with sale of Rs. 160 Cr. Africa contributed
Rs. 92 Cr. (growth of 42%'1, Asia Rs. 65 Cr. (growth of 26%l and Latin America Rs. 3 Cr. (degrowth of 8%).
Company continues to gain ground in the countries it operates by buitding the brands.
During the quarter, company launched 14 new products in the emerging markets and has a
pipetine of about 1,600 products under registration to ensure continued growth.
Regulated Markets: The Journey Begins
re-taunched its first product in USA through its own front-end team. Company
2-3 more product approvals during the current financiat year which shoutd
@
aianta phama limited
) .91
;*91
x
22 66061000
22 66061200
[email protected]
53233'1
ww,6iam.oh.rm..coln
BSE:
clN:L?,4210MH1979P1C022059
Reuters:AJPH.NS
NSE: AJANTPHARM
Bloomberc:AJP:lN
accelerate the business in USA. Company has fited 2 more ANDAs with US FDA during the
quarter taking total tally to 25 ANDAs (2 approved and 23 awaiting approval).
R&D: Consistent Futuristic lnvestments
R&D expenses for the quarter remained at Rs. 11 Cr. Company atso fited 203 product
registration dossiers in the emerging markets during the quarter. Ajanta continues to
invest in its R&D infrastructure and proposes to expand the facilities in coming years.
About Ajanta Pharma Limited
Ajanta Pharma - a speciatity pharmaceutical formutation company has leading brands in
therapeutic segments of Ophthalmotogy, Dermatology, Cardiotogy and Pain management.
Many of company's products are first in the market place and are leading in their sub
therapeutic segments. Company has a wetl-estabtished branded generic business in
emerging markets. lt has recently entered the regulated markets of USA and is building a
portfolio of ANDAs for this market.
Company's state of the art R&D centre for formulation development is located at Mumbai,
having a team of 350+ people. Company has world class manufacturing facitities . 4
India and 1 at Mauritius. One of the manufacturing facilities 'in India is
approved by US FDA, UK MHM, pre-qualification from Wortd Heatth Organisation (WHO),
apart from having the approval from FDAS of many other countries. Company is setting up
two more manufacturing facitities in India, one for regulated markets and another for
located
in
domestic and emerging markets.
For last 5 years, company has posted healthy performance with its consotidated revenue
showing a CAGR of 3l% and net profit of 62%.
For more details visit www.aiantaDharma,com
For specific oueries. contact:
Rajeev Agarwal
re|
+91 22 66061377
Email: [email protected]